I've re-purposed old hacksaw blades for other uses too. Noticed that the back of the blade is sometimes different acting material than the front (toothed side):
"Bimetal blades are made with a high-speed steel cutting edge that is welded to a spring steel blade back."
Some blades (carbon?) seem to be softer, less springy on the back side. May just have been the particular blade I was using, but you may want to keep this in mind if you get unexpected results...